Jamison Private Wealth Management Inc. Has $366,000 Position in Southside Bancshares, Inc. (NASDAQ:SBSI)

Jamison Private Wealth Management Inc. lifted its holdings in shares of Southside Bancshares, Inc. (NASDAQ:SBSI) by 168.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,944 shares of the bank’s stock after buying an additional 6,866 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Southside Bancshares were worth $366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its holdings in Southside Bancshares by 6.8% during the second quarter. Renaissance Technologies LLC now owns 603,285 shares of the bank’s stock worth $16,657,000 after buying an additional 38,500 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Southside Bancshares by 0.9% in the 1st quarter. ProShare Advisors LLC now owns 266,202 shares of the bank’s stock valued at $7,781,000 after purchasing an additional 2,456 shares during the period. AQR Capital Management LLC lifted its stake in Southside Bancshares by 95.8% in the 2nd quarter. AQR Capital Management LLC now owns 238,087 shares of the bank’s stock valued at $6,574,000 after purchasing an additional 116,473 shares during the last quarter. American Century Companies Inc. grew its holdings in Southside Bancshares by 1.2% during the second quarter. American Century Companies Inc. now owns 168,450 shares of the bank’s stock worth $4,651,000 after purchasing an additional 1,984 shares during the period. Finally, Empowered Funds LLC increased its position in Southside Bancshares by 8.1% during the first quarter. Empowered Funds LLC now owns 65,458 shares of the bank’s stock worth $1,913,000 after buying an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 55.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SBSI shares. Hovde Group raised their price objective on Southside Bancshares from $31.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. StockNews.com cut shares of Southside Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th.

Insider Buying and Selling

In other Southside Bancshares news, insider T L. Arnold, Jr. sold 4,667 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $33.71, for a total value of $157,324.57. Following the completion of the sale, the insider now owns 16,441 shares of the company’s stock, valued at $554,226.11. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Southside Bancshares news, CFO Julie Shamburger sold 5,360 shares of Southside Bancshares stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $35.03, for a total value of $187,760.80. Following the completion of the transaction, the chief financial officer now directly owns 24,327 shares of the company’s stock, valued at $852,174.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider T L. Arnold, Jr. sold 4,667 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $33.71, for a total value of $157,324.57. Following the sale, the insider now owns 16,441 shares of the company’s stock, valued at approximately $554,226.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,890 shares of company stock valued at $500,319. 5.90% of the stock is owned by company insiders.

Southside Bancshares Stock Up 2.4 %

Southside Bancshares stock opened at $34.88 on Thursday. The company’s 50-day moving average price is $32.93 and its two-hundred day moving average price is $29.80. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.06 billion, a P/E ratio of 12.97 and a beta of 0.54. Southside Bancshares, Inc. has a twelve month low of $25.30 and a twelve month high of $36.10.

Southside Bancshares (NASDAQ:SBSI) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.17. Southside Bancshares had a return on equity of 10.64% and a net margin of 18.90%. The business had revenue of $115.74 million during the quarter, compared to analysts’ expectations of $64.91 million. During the same period last year, the firm posted $0.82 EPS. As a group, analysts expect that Southside Bancshares, Inc. will post 2.96 EPS for the current year.

Southside Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a $0.36 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.44 annualized dividend and a dividend yield of 4.13%. Southside Bancshares’s dividend payout ratio (DPR) is presently 53.53%.

Southside Bancshares Profile

Southside Bancshares, Inc operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposits.